Is Morgan Stanley really the lowest paying BB?
Heard from a lot of sources that MS pays terrible bonuses (relative) to other BBs and especially the EBs and that when people complained, the CEO James Gorman said that he doesn't care if they're earning less they should be grateful that they work at MS.
Secondly, I also heard that the culture at MS is extremely brutal with that hard-core old school type of investment banking where you're expected to work your life away in a cut-throat culture.
Are these rumours true?
Mainly heard this about the London office but I assume it applies globally.
I get why people take the brand names like JPM, Morgan Stanley or GS, but I don’t understand why the career bankers do it.
It seems like they take pride in saying they work for Morgan Stanley, when their counterpart at other firms like EB’s earn more than they do. Maybe it’s just me, but working at a brand name firm does not help me sleep at night. Money does.
I agree - I'm probably a banker for the next 5 or so years at least and I'd personally rather be somewhere like Guggenheim than Goldman and that's not even a real EB.
As an incoming lateral to MS, reading this makes me wanna kill myself